Thus, companies falling within this category have six more months at disposal to apply for financing and guarantee products with state aid component, EximBank representatives said in a statement.
Under the COVID-19 state aid scheme, intended for large companies and SMEs with a turnover of over RON20 million in 2019, companies may access investment loans and working capital loans with subsidized interest rates and state guarantees covering the guarantee need up to 90% for new loans or already granted by commercial banks for carrying out investments and/or for supporting the current operations of beneficiary companies.
This program, launched by EximBank in October 2020, ensures a level of sustenance similar with European companies for all Romanian eligible firms interested, which can may have access to the maximum amount allowed by the temporary framework of the European Commission.